Karnika Industries Ltd
Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]
- Market Cap ₹ 666 Cr.
- Current Price ₹ 134
- High / Low ₹ 225 / 51.8
- Stock P/E 39.8
- Book Value ₹ 11.4
- Dividend Yield 0.01 %
- ROCE 22.8 %
- ROE 27.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
Cons
- Stock is trading at 11.7 times its book value
- Company has high debtors of 159 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 47 | 98 | 124 | 126 | 171 | |
| 45 | 89 | 109 | 108 | 145 | |
| Operating Profit | 2 | 10 | 15 | 18 | 26 |
| OPM % | 4% | 10% | 12% | 14% | 15% |
| 0 | 0 | 1 | 1 | 4 | |
| Interest | 1 | 2 | 5 | 5 | 5 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 7 | 11 | 14 | 24 |
| Tax % | 35% | 37% | 26% | 26% | 25% |
| 1 | 5 | 8 | 10 | 18 | |
| EPS in Rs | 1.80 | 1.63 | 2.91 | ||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 54% |
| TTM: | 66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 149% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| Last Year: | 27% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | -0.00 | -0.00 | 9 | 12 | 12 |
| Reserves | 4 | 19 | 9 | 41 | 59 |
| 16 | 22 | 52 | 52 | 60 | |
| 11 | 18 | 28 | 15 | 23 | |
| Total Liabilities | 31 | 59 | 98 | 120 | 155 |
| 1 | 1 | 2 | 5 | 7 | |
| CWIP | -0 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | 9 |
| 30 | 58 | 96 | 115 | 139 | |
| Total Assets | 31 | 59 | 98 | 120 | 155 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -6 | -15 | -11 | -6 | 4 | |
| -0 | -0 | -1 | -4 | -18 | |
| 7 | 15 | 14 | 20 | 4 | |
| Net Cash Flow | 1 | -1 | 2 | 10 | -10 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 129 | 100 | 118 | 148 | 159 |
| Inventory Days | 99 | 123 | 287 | 268 | 191 |
| Days Payable | 93 | 68 | 151 | 75 | 80 |
| Cash Conversion Cycle | 135 | 154 | 254 | 342 | 270 |
| Working Capital Days | 24 | 66 | 42 | 109 | 117 |
| ROCE % | 31% | 29% | 21% | 23% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
12 November 2025 - Earnings call on Nov 17, 2025 at 04:30 PM to discuss H1 FY26 unaudited results.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 October 2025 - Registrar's certificate under Regulation 74(5) filed for quarter ended Sep 30, 2025 (dated Oct 13, 2025).","checklist":["Review announcement for regulatory or material content","Identify regulation, filing type, …
-
Shareholders meeting
1 October 2025 - AGM held Sep 29, 2025: all four resolutions passed unanimously; 45,509,500 votes (73.41%).
-
Shareholders meeting
29 September 2025 - Karnika Industries AGM on 29 Sep 2025; adopted FY2024-25 financials, reappointed Kirti Mundhra, appointed Suraj Singh, secretarial auditor.
-
Trading Window
26 September 2025 - Trading window closed from Oct 1, 2025 until 48 hours after Sep 30, 2025 Q2 results.
Business Overview:[1][2]
a) KIL is an ISO 14001:2015 certified manufacturing and trader of readymade garments for Babies, Boys and Girls and dress materials with its main products being Tops, Dresses, Denims, Leggings, Skirts and Ponchos
b) It manufactures products through job work.
c) Company does designing, preparation of sample, quality inspection, ironing and packing of garments